More on AMD's Q2: Results largely in-line with lowered guidance. The chipmaker expects Q3 growth...

|By:, SA News Editor

More on AMD's Q2: Results largely in-line with lowered guidance. The chipmaker expects Q3 growth of -4% to +2% Q/Q, below Street expectations of +6%, and Intel's guidance for 2%-10% growth. CPU division sales -13% Q/Q, primarily due to a lower ASP. Graphics division -5% with a flat ASP. Gross margin was flat Q/Q at 46%, expected to fall to 44% in Q3. Inventories rose $248M Q/Q to $833M due to lower sales. AMD -3.1% AH. (PR) (CFO comments - PDF)